Wednesday, 5 July 2017

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 05 JULY 2017

Crudeoil trading range for the day is 3021-3099. Crude oil prices gains on tentative signs that a persistent rise in U.S. crude production may be slowing. The global oil market is expected to rebalance in the second half of 2017, International Energy Agency chief Fatih Birol said. There are also growing doubts over OPEC's ability to hold back enough production amid a boost from members exempt from supply cuts.